Parametrica Management Ltd Acquires Shares of 235,663 Nu Holdings Ltd. (NYSE:NU)

Parametrica Management Ltd acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 235,663 shares of the company's stock, valued at approximately $1,963,000. NU accounts for approximately 3.2% of Parametrica Management Ltd's holdings, making the stock its 12th largest position.

Other large investors also recently added to or reduced their stakes in the company. Huntington National Bank boosted its stake in NU by 1,232.5% during the third quarter. Huntington National Bank now owns 4,144 shares of the company's stock valued at $30,000 after buying an additional 3,833 shares during the period. Tennessee Valley Asset Management Partners purchased a new stake in NU during the fourth quarter valued at about $52,000. UMB Bank n.a. purchased a new stake in NU during the fourth quarter valued at about $55,000. PNC Financial Services Group Inc. raised its position in NU by 37.1% during the third quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company's stock valued at $60,000 after purchasing an additional 2,258 shares in the last quarter. Finally, ProVise Management Group LLC purchased a new stake in NU during the third quarter valued at about $74,000. Institutional investors own 80.90% of the company's stock.

NU Trading Up 1.7 %

Shares of NYSE NU traded up $0.18 during trading hours on Friday, hitting $11.05. The company's stock had a trading volume of 14,749,772 shares, compared to its average volume of 17,416,676. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38. The stock has a market cap of $51.88 billion, a price-to-earnings ratio of 52.62, a P/E/G ratio of 0.53 and a beta of 1.08. Nu Holdings Ltd. has a 12 month low of $4.94 and a 12 month high of $12.39. The business has a 50-day simple moving average of $11.33 and a 200-day simple moving average of $9.53.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. NU had a return on equity of 20.02% and a net margin of 12.84%. During the same period in the previous year, the business earned $0.03 earnings per share. On average, analysts anticipate that Nu Holdings Ltd. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NU shares. Susquehanna raised their price target on NU from $11.00 to $12.00 and gave the company a "positive" rating in a research report on Friday, February 23rd. KeyCorp raised their price target on NU from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday, April 22nd. TheStreet upgraded NU from a "c+" rating to a "b" rating in a report on Friday, March 8th. Finally, UBS Group lifted their price objective on NU from $10.50 to $11.50 and gave the stock a "buy" rating in a report on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $10.00.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.